Kazakhstan Bets Big on Crypto Mining to Fund Energy Overhaul—Introduces Controversial ’70/30′ Model

Kazakhstan’s latest move? Turning crypto miners into cash cows for its creaking energy grid. The proposed ’70/30′ model would force mining operations to funnel 30% of revenue into infrastructure upgrades—while keeping 70% for themselves. A bold gamble, or just another desperate grab for funding? Either way, miners aren’t celebrating.

The plan hinges on leveraging the country’s cheap electricity—once a magnet for Bitcoin farms—to now bankroll its energy transition. Critics call it a band-aid solution for a grid that’s already buckling under crypto’s weight. But hey, when your economy runs on hydrocarbons and hopium, why not double down on volatile assets?

One thing’s clear: Kazakhstan’s playing the long game. Whether crypto’s bull run lasts long enough to foot the bill? That’s the billion-tenge question. (And if it fails? There’s always another ‘public-private partnership’ to milk.)